Thailand-Based Bitkub to Raise THB300M in Series A

Asia Blockchain Review
October 2, 2019
Thailand-Based Bitkub to Raise THB300M in Series A

Headquartered in Thailand, Bitkub Capital Group Holdings revealed that it is looking to raise THB300 million in a Series A fundraising round, with the goal of launching an initial public offering to enter the country’s stock market in the near future. 

Fundraising to Expand Bitkub Team, Add Products

Jirayut Srupsrisopa, CEO of Bitkub Capital Group Holdings, said the fundraising round will be held with the purpose of securing funds to expand the Bitkub team, add new products on its website, and develop website infrastructure, applications, and workflow systems.

“We will be carrying out this fundraising round because we have proven that the company is successful in generating revenue with its business model,” said Jirayut. 

“At the same time, we are looking to build a stronger customer base while retaining our existing customers. In the future, we want to see all Thai customers gaining easier access to cryptocurrency.”   

Expanding Crypto Services

Bitkub CMO Sugrit Phutaviriya added that the company aims to become a one-stop blockchain service provider.

“Our goal is to become the leading blockchain service provider in Thailand with Bitkub.com (a crypto exchange licensed by Thailand’s Securities and Exchange Commission), Bitkub Blockchain Technology (a blockchain advisory), and Bitkub Academy (a cryptocurrency and blockchain education center),” said Sugrit.

“We aim to educate the general public in Thailand to truly understand blockchain and cryptocurrency.

Recently, Bitkub completed its pre-Series A fundraising round and received THB50 million in capital. After the round, the company was valued at THB750 million or US$25 million.

Source: https://forbesthailand.com


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
Blockchain Applied for 3D Printing of Aircraft Parts
Aircraft parts manufacturer Moong Inc. has launched a trial of a project to use blockchain for the p...

December 15, 2019

Ex-Morgan Stanley Developers Announce Launch of Phemex Crypto Platform
Former Morgan Stanley developers have introduced a ‘high-speed’ crypto derivatives platform called P...

December 14, 2019

Hong Kong, Thailand to Create Cross-border Trade Currency
The central banks of Hong Kong and Thailand are working together on a digital currency to facilitate...

December 14, 2019

Fraxtor Uses Blockchain Technology for Proptech in Singapore
Singaporean proptech firm Fraxtor has disclosed that blockchain technology can help create new sourc...

December 13, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us